DAX Attempts Recovery
2026-07-09 07:57
By
Luisa Carvalho
1 min. read
The DAX 40 rose 0.5% to cross the 25,000 mark on Thursday, recovering part of the steep losses recorded in the previous session, supported by a rebound in tech stocks amid renewed optimism over artificial intelligence.
Sentiment was lifted by reports that SK Hynix's planned US ADR offering was more than seven times oversubscribed and by news that China plans to allow its leading AI companies to purchase a limited number of Nvidia H200 chips.
Meanwhile, markets continued to monitor developments in the Middle East after fresh cross-border attacks overnight.
Although oil prices retreated modestly, investors remained concerned that any escalation could reignite inflationary pressures.
Infineon Technologies outperformed with a 3.1% gain, with AI infrastructure stocks such as Siemens, Siemens Energy an Hochtief also advancing solidly.
Industrials, pharma & healthcare and banks moved higher as well.
On the downside, Deutshe Telekom (-1.6%) and Rheinmetall (-1.2%) lagged.